Episode 2: Banking and Credit Cards

In this episode* we’re talking banking and credit cards. My guest is Kim Palmer, a credit card and banking expert at NerdWallet.

We’ll cover:

How to choose the right bank

Not getting screwed in fees

How to evaluate credit card offers

Getting your finances to the next level when you already have your s*** together

If you’re usually working with a low balance, look for low or no fee banks. Overdrafting is a huge source of fee revenue for banks. But there’s a new kid on the block: the online banks. Banks like Ally, Simple, Aspiration are able to offer no-fee accounts because they are able to keep costs down because there are no brick and mortar branches. I like Magnify Money for comparing bank offers.